Our office of the chief economist did an economic study looking at what the impact on trade and investment into Canada will be as a result of the ratification implementation of this agreement. We looked at how, especially given the fact that the United States had decided not to participate in the agreement....
We're anticipating through the study that yes, it's been reported that there will be some initial losses in the auto sector, but there will be significant gains in exports for Canada in key export sectors such as beef, pork, dairy, other agricultural products, forestry, lumber, fishing, mining and extraction, manufacturing, and services.
We see significant increases. I can give you some of the numbers. We see a 9.3% increase projected in agriculture, 36.6% in beef exports, 29% in pork, 10% in forestry and lumber, etc.
Through the economic modelling performed as part of the study done by Global Affairs Canada's chief economist, we see significant gains in our key export sectors as a result of this agreement.